Government market investment firm Enlightenment Capital has identified a new business to back through its fund focused on small businesses that are viewed as promising.
The recipient of that investment is Red Alpha, a software development and technology consulting firm that works with customers in the defense community and certain commercial markets. Terms of the transaction announced Wednesday were not disclosed.
Led by chief executive Daniel Ra, Red Alpha opened for business in 2011 to specialize in prototyping new technology solutions for complex challenges.
Red Alpha touts its core focus areas as including cybersecurity, cloud computing, enterprise web applications, large-scale systems engineering, and large-scale distributed/virtual systems administration.
Enlightenment is undertaking this investment through its Small Business Investment Company fund, which gives investors venture funds to back small businesses via agency-supported loans.
Investors who participate in the SBIC program receive $2.00 for every $1.00 they invest in designated small businesses. The idea is to generate more capital that can be directed toward other businesses.
Below is our past coverage of other Enlightenment SBIC investments.